If California were its own country, its economy would now rank as the fourth-largest of any nation in the globe, Gov. Gavin Newsom said this week, a new milestone that comes at a time of major economic turbulence.

California’s economy continued to grow at a fast clip of 6% in 2024, according to data and Newsom’s office. The top three economies in the world all grew at slower rates: 5.3% in the entire U.S., 2.6% in China and 2.9% in Germany.

Among the top global economies, California’s is also the fastest growing, according to IMF data and Gov. Newsom’s offices.